Expand your real estate portfolio with Newport Beach, CA luxury homes, which are some of
the most sought-after properties in Southern California. Here are some of the main reasons
why investors should consider acquiring real estate in this lavish coastal community.
Newport Beach, CA at a glance
Few places evoke coastal luxury quite like Newport Beach with its waterfront mansions, gated
communities, country clubs, and gorgeous beach and pier. Spanning nearly 53 square miles
along the Pacific, this affluent community is home to just a little over 84,000 residents. The
median household income from 2017 to 2021 was $142,463, according to the U.S. census –
more than double than the national average of $69,021. Most residents work in management,
sales, business, and finance.
A brief history of Newport Beach, CA
The city gets its name from a landing at Castaways Bluff, which dates back to 1870 and was
meant to serve as a “new port” between the cities of Los Angeles and San Diego. The
construction of the Surf Line railroad in 1905 heralded the development of new subdivisions
along the coast. Developers built artificial islands by dredging the bay and began selling
residential lots at around this time. Today, Newport Beach is one of the most coveted
addresses in the West Coast. It is sought for its enviable location, warm weather, and prime
real estate.
The advantages of investing in Newport Beach, CA Luxury Homes
From location and demand to lifestyle and desirability, there are many reasons to invest in
Newport Beach, CA luxury homes:
● Location and amenities – Newport Beach’s natural beauty and exclusive coastal setting
makes it stand out from other communities in Southern California. The city is located
just eight miles from John Wayne Airport, Orange County (SNA) and 35 miles from Los
Angeles International Airport (LAX). It is also accessible via Jamboree Road and Pacific
Coast Highway (SR 1).
Newport Beach is home to many parks, playgrounds, splash pads, arcades, wineries,
golf courses, and other first-rate amenities that appeal to residents of all ages and
interests.
● Proximity to popular attractions – There are several attractions in and around the city,
including the Newport Municipal Beach and Pier, Newport Beach Vineyards % Winery,
Newport Beach Golf Course, Newport Dunes Water Park, and Sherman Library &
Gardens.
● Beach access and water activities – The city offers countless opportunities for outdoor
recreation, such as swimming, sunbathing, and fishing at the municipal beach; surfing at
the Wedge; boating to Catalina; running and cycling along the Newport Beach Mudline;
catching the sunset at the Oceanfront Walk; and hiking and wildlife watching at the
Upper Newport Bay Ecological Reserve.
● High-end dining and shopping options – Newport Beach offers upscale retail and
dining at Fashion Island, which carries luxury brands like Balenciaga, Chanel, and Gucci,
and Crystal Cove Shopping Center, which features an eclectic collection of shops
ranging from Aston Martin to Trader Joe’s. Both shopping centers have an array of fine
casual restaurants that serve Japanese, Chinese, Italian, Mexican, Persian, and American
cuisine.
● Quality of life in Newport Beach – There is a strong sense of community with annual
events like Newport Beach International Film Festival, Christmas Boat Parade, Newport
to Ensenada International Yacht Race, Toshiba Classic, and Balboa Parade.
The growing demand for luxury properties
There’s robust demand for Newport Beach, CA luxury homes, particularly for oceanfront and
water view properties that are in limited supply. The city remains a sought-after living
destination for its prestige and coastal setting. It has a strong rental market with 40.7% of
residents occupying rented properties. MoreNewport Beach, CA luxury homes,over, 37.21% of residential units in Newport Beach
are renter-occupied.
Rental properties and vacation homes appeal to high-income individuals who want to enjoy
the distinctive Newport Beach lifestyle without committing to a home purchase. Many
high-net-worth individuals travel frequently for business and leisure, preferring the flexibility
and convenience of a luxury rental over a permanent residence.
Grow your portfolio today
If you’re looking to include Newport Beach, CA luxury homes in your real estate portfolio, work
with a local expert who can help you locate your next investment. A real estate professional
can help you find potentially lucrative rental properties using market research as well as
provide access to exclusive and off-market listings in the area.
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